Monarch Networth Capital Limited (MNCL), a prominent player in the financial services sector, has made significant strides in expanding its business operations. The company recently announced several major developments that are set to strengthen its position in the investment and trusteeship services arena.

New Wholly Owned Subsidiary for Trustee Services

MNCL has incorporated a new wholly owned subsidiary named 'Monarch Networth Trustee Private Limited' (MNTPL). This strategic move is aimed at broadening the company's service offerings in the financial sector.

MNTPL, with an authorized and subscribed capital of Rs. 10.00 lakhs, is set to play a crucial role in MNCL's business expansion. The new entity will focus on:

• Acting as a trustee for mutual funds, pooled vehicles, and investment funds
• Managing offshore funds, venture capital funds, and alternative investment funds
• Undertaking trusteeship functions for investment trusts and other securities portfolios
• Executing various trust-related roles including custodian trustee, executor, administrator, liquidator, and receiver

This expansion into trustee services aligns with MNCL's strategy to diversify its offerings within the financial services ecosystem.

Strategic Investment in NCDEX

In a parallel development, Monarch Networth Capital has made a strategic investment in the National Commodity & Derivatives Exchange Limited (NCDEX). MNCL executed a Share Subscription Agreement (SSA) with NCDEX, committing to invest Rs. 10,00,00,072.00.

Key details of the investment include:

This investment is subject to the completion of conditions precedent as stipulated in the SSA and is expected to be finalized within 60 business days from the execution date.

SEBI Registration for India Growth Fund

In another significant development, Monarch Networth Capital Limited announced that its subsidiary, Monarch Networth Capital IFSC Private Limited, has received a Certificate of Registration from SEBI for the Monarch India Growth Fund as a Category I Foreign Portfolio Investor. The fund has been registered under Category I and Appropriately Regulated Fund with registration number INIGFP103925. Monarch Networth Capital IFSC Private Limited will act as the Fund Management Entity for the fund.

Implications for Monarch Networth Capital

These strategic moves by Monarch Networth Capital reflect the company's ambition to strengthen its foothold in the financial services and securities market ecosystem. The establishment of MNTPL expands MNCL's service portfolio, potentially opening new revenue streams in the trusteeship sector. The investment in NCDEX, a recognized stock exchange specializing in commodity derivatives, could provide MNCL with valuable insights and opportunities in the commodities market. Additionally, the SEBI registration for the India Growth Fund as a Category I FPI further enhances the company's capabilities in fund management and international investment.

As the financial services landscape continues to evolve, Monarch Networth Capital's recent actions demonstrate its commitment to diversification and strategic growth. These developments are likely to enhance the company's competitive position and offer expanded services to its client base in the coming years.

Monarch Networth Capital Limited (MNCL) has announced a strategic investment in the National Commodity & Derivatives Exchange Limited (NCDEX), marking a significant move to strengthen its presence in the financial services ecosystem.

Investment Details

MNCL signed a Share Subscription Agreement (SSA) with NCDEX, committing to invest ₹10,00,00,072 (₹10 crores and 72 rupees) in the commodity exchange. The investment will be made through the subscription of 5,06,740 equity shares at a price of ₹197.34 per share, which includes a premium of ₹187.34 per share over the face value of ₹10.

Stake and Strategic Implications

Upon completion, this investment will represent approximately 0.56% of NCDEX's post-issue paid-up share capital. The move aligns with Monarch Networth Capital's strategic goal of enhancing its footprint in the financial services and securities market ecosystem.

About NCDEX

NCDEX, incorporated on April 23, 2003, is a professionally managed online commodity exchange that offers a diverse range of products in both agricultural and non-agricultural commodities derivatives segments. Key financial highlights of NCDEX include:

Transaction Details

• The investment is not classified as a related party transaction.
• The deal is subject to satisfactory completion of conditions precedent as stipulated in the SSA.
• The transaction is expected to be completed within 60 business days from the execution date, with the possibility of extension upon mutual agreement.

Regulatory Compliance

Monarch Networth Capital has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also provided detailed information as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155.

This strategic investment by Monarch Networth Capital in NCDEX represents a calculated move to expand its influence in the commodity trading sector and potentially leverage synergies within the broader financial services industry.